“We don’t handle cryptocurrency purchases with bank cards on account of the volatility and possibility concerned, and we will be able to come again to this because the marketplace strikes ahead. will evolve. “

Citigroup additionally mentioned as of late that they” now not permit [ing] the acquisition of cryptocurrency playing cards “. their coverage as a crypto marketplace is rising, whilst Financial institution of The us may be lowering the acquisition of bank cards in virtual currencies, pending coverage revisions.

The new FUD within the media this week dropped Bitcoin (BTC) the primary time since November 2017, possibly horrifying large banks to revise their bank card insurance policies.

JP Jamie Dimon, CEO of Morgan, who up to now known as Bitcoin “fraud” and threatened to fireside any worker making an investment in cryptocurrency, informed a Cointelegraph reporter on the Global Financial Discussion board on January 24 (WEC): “ no longer a skeptic ” referring to his earlier crypto grievance.

BTC is lately buying and selling round $ nine,180, up four.45% over a 24 hour duration by means of press time.